Iran and the United States have resolved key gaps in their ongoing negotiations, with talks reaching the highest levels of Iranian leadership. The catch: final approval still rests with Tehran’s top decision-makers, meaning nothing is locked in yet.
What’s on the table
The negotiations have covered a sprawling set of issues, from Iran’s nuclear program to control over the Strait of Hormuz. Roughly a third of the world’s seaborne oil passes through that chokepoint, so any agreement touching it has implications far beyond diplomacy.
A memorandum of understanding drafted in late May 2026 addressed a proposed 60-day extension of a ceasefire alongside time-limited nuclear terms. That document is pending final approval from both US President Trump and Iran’s Supreme Leader.
Iran has also pushed for access to approximately $12 billion in previously frozen assets as part of any comprehensive resolution. That demand has been a persistent friction point throughout the process.
